loanDepot mello Portal Streamlines Closing Process for Brokers


Enabling brokers to close loans faster and more efficiently, loanDepot Wholesale has launched the newest iteration of its mello broker portal. A number of new and enhanced Closing Connection features within the portal use loanDepot’s proprietary technology to streamline the closing process for brokers.

loanDepot Wholesale is the third-party origination division of loanDepot, licensed to serve mortgage originators in 48 states and the District of Columbia. loanDepot Wholesale provides a fast, integrated and seamless technology-based lending experience for business partners and their customers.

“The enhanced functionality in our broker portal allows loanDepot’s wholesale partners to better serve their buyers, providing a quicker, more intuitive closing process,” states Jeff Walsh, senior executive vice president and chief revenue officer at loanDepot. “Our continued investment in proprietary technology provides brokers and the customers they serve an advantage in the buying and refinancing process, and we’ll continue to innovate our mello platforms to build on improving the user experience.” 

loanDepot’s new Closing Connection in-portal functionality includes closing validations, verifying final fees, requesting documents and scheduling closings, generating a pre-closing package, uploading documents, and more. Additional upgrades coming soon include the ability to retrieve and upload the closing package and confirm wire details. Closing agents will also be invited to access Closing Connection for a streamlined closing collaboration process between broker, loanDepot Wholesale and the closing agent.

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